Fast moving consumer goods major Dabur India today reported a consolidated net profit growth of 20.5 per cent touching Rs 107.39 crore in the quarter ended June, FY2011 against Rs 89.09 crore in the corresponding period last year.
The company registered a 19.5 per cent growth in consolidated revenue at Rs 924.38 crore in comparison of Rs 773.60 crore in the same period last year.
The growth was driven by strong volume growth across categories like hair oils, skin care, toothpastes, health supplements, digestives, foods and home care. Its International Business registered a 28.7 per cent topline growth during the quarter, led by Nigeria, Egypt, Levant and North Africa.
“The macro environment is improving with good monsoons fuelling resurgence in demand. Dabur continues to register sales growth ahead of the market in several key categories, and this growth is almost entirely volume-driven,” said Dabur India CEO Sunil Duggal Duggal.
Its health supplements category grew by 42.8 per cent in the reported quarter, led by Chyawanprash and Glucose, while the home care category bounced back to end the quarter with a strong 31.5 per cent growth.
The oral care category reported a 20.2 per cent growth while foods business grew by 21.2 per cent, hair oils by 16.5 per cent and skin care by 12.4 per cent.
Its board recommended issuance of one bonus share against each share held.
